Booking Holdings Unusual Options Activity For July 10
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 39% bullish and 60% bearish. The whales have been targeting a price range from $2000.0 to $3000.0 for Booking Holdings over the last 3 months. The price of BKNG is up 2.45% at $2701.41. Wedbush and JMP Securities have downgraded their actions on BKNG with price targets of $3060 and $3000 respectively.
July 10, 2023 | 6:05 pm
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Unusual options activity indicates a bearish stance on Booking Holdings. The stock price is currently up, but analyst downgrades suggest potential future decline.
The unusual options activity, with a majority being bearish, indicates that large investors are expecting the stock price to go down. This is further supported by the downgrades from Wedbush and JMP Securities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100